Friday, March 30, 2012

GO 1228 FIN DT 28/-03-2012 - CPS MATCHING GRANT FROM Govt.

GOVERNMENT OF ANDHRA PRADESH ABSTRACT
Pensions – New Contributory Pension Scheme for State Government Employees- Sanction of Rs.60.00 Crores [Rupees Sixty Crores only] towards matching contribution by the State Government – Orders – Issued.

ORDER:
In the Government order 1st read above, orders were issued sanctioning an amount of Rs. 95.00 Crores [Rupees Ninety Five Crores only] towards matching contribution by the State Government under New Contributory Pension Scheme for the financial year 2008-09.2. In the Government order 2nd read above, orders were issued sanctioning an amount of Rs. 60.00 Crores [Rupees Sixty Crores only] towards matching contribution by the State Government under New Contributory Pension Scheme for the financial year 2010-11. But, the funds were not transferred to the PD Account due to freeze orders from the Government.3. In his letter 3rd read above, the Director of Treasuries & Accounts, A.P.Hyderabad has requested to issue sanction orders for transfer of the Rs.60.00Crores towards Matching contribution under New Contributory Pension Scheme.4. Government, after careful consideration of the proposal of the Director of Treasuries & Accounts, A.P., Hyderabad hereby release an amount of Rs. 60.00Crores [Rupees Sixty Crores only] towards matching contribution of the State Government, for the financial year 2011-12.5. The amount now released in Para 4 above, shall be debited to the following head of account:

6. The Director of Treasuries & Accounts, A.P., Hyderabad is here by authorized to draw the amount from the head of account mentioned in Para 5above and transfer it to the following fund head of account by preferring an adjustment bill.

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